Customer news — FCITrust chooses TrustQuay Online

TrustQuay today announces a Software-as-a-Service deal with The First China Investment Trust, one of Southeast Asia’s leading trust companies, delivering environmental, social, and governance solutions and sustainable development opportunities to High Net Worth private clients.

Under the deal, FCITrust will adopt TrustQuay Online, the new SaaS solution developed by TrustQuay and the first end-to-end cloud-native SaaS platform for corporate services and trust administration providers.

Launched in April 2022, TrustQuay Online is a fully digital entity management, client accounting, general ledger and practice management platform, available 24/7 from any device with a browser and internet connection. Leveraging the highly secure and reliable infrastructure of Microsoft Dynamics 365 Business Central, TrustQuay Online significantly reduces the complexity, cost of ownership and availability risks compared to traditional on-premises software.

Kyle Lee, CIO of FCITrust, said: “TrustQuay Online has allowed us to digitalise and automate our entire client accounting within days of implementation, providing a modern and user-friendly platform to increase efficiencies and drive revenue and growth.”

Keith Hale, Executive Chairman of TrustQuay, adds: “We are delighted to partner with FCITrust to support their business growth. FCITrust’s adoption of TrustQuay Online shows that no matter where you are in the world, you can still access the most modern software via SaaS to increase efficiencies, reduce costs, mitigate risk and ensure regulatory compliance.

“TrustQuay Online is proving to be a game-changer in the corporate services and trust administration market because of its lower cost and reduced complexity, making it especially attractive to thousands of smaller independent players. FCITrust is a great example of a
service provider who is using digitalisation to drive competitive advantage in its markets and differentiate themselves from the competition.”

Since its launch, TrustQuay Online has been further enhanced with new functionality, including SharePoint integration to complement its seamless interoperability with Office 365, and the addition of fully automated RiskScreen integration for onboarding, screening and monitoring against sanctions lists, politically exposed persons and watchlists.